Call reports 2020
WASHINGTON BUSINESS BANK — 2020
What WASHINGTON BUSINESS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 86,889,000 | 104,923,000 | 107,550,000 | 108,286,000 |
| Total loans | 74,919,000 | 88,145,000 | 92,484,000 | 95,162,000 |
| Allowance for loan losses | 638,000 | 638,000 | 638,000 | 668,000 |
| Securities available for sale | 62,000 | 59,000 | 55,000 | 43,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,942,000 | 77,532,000 | 80,047,000 | 83,085,000 |
| Interest-bearing deposits | 56,649,000 | 57,777,000 | 59,193,000 | 62,019,000 |
| Noninterest-bearing deposits | 14,293,000 | 19,755,000 | 20,854,000 | 21,066,000 |
| Equity capital | 10,485,000 | 10,888,000 | 11,107,000 | 11,412,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,214,000 | 2,354,000 | 3,499,000 | 4,685,000 |
| Interest expense | 219,000 | 413,000 | 590,000 | 747,000 |
| Net interest income | 995,000 | 1,941,000 | 2,909,000 | 3,938,000 |
| Noninterest income | 31,000 | 53,000 | 78,000 | 103,000 |
| Noninterest expense | 628,000 | 1,060,000 | 1,677,000 | 2,300,000 |
| Provision for loan losses | 0 | 0 | 0 | 30,000 |
| Pretax income | 398,000 | 934,000 | 1,310,000 | 1,711,000 |
| Income tax | 84,000 | 196,000 | 275,000 | 359,000 |
| Net income | 314,000 | 738,000 | 1,035,000 | 1,352,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,484,000 | 10,887,000 | 11,106,000 | 11,411,000 |
| Total capital | 11,131,000 | 11,534,000 | 11,753,000 | 12,088,000 |
| Risk-weighted assets | 68,915,000 | 73,346,000 | 75,175,000 | 78,146,000 |